"Current policy has created systemic financial risks and potential structural problems for banks," the Federal Advisory Council noted, according to minutes of its meeting on May 17, which the Fed posted on its public website.
NEW YORK, May 20- Freeport-McMoRan Copper& Gold Inc took a big step on Monday in its plan to expand into energy, when Plains Exploration& Production Co shareholders approved the miner's $6 billion takeover deal, sweetened by two special dividends.
FHFA oversees the government-controlled Fannie Mae and Freddie Mac, the mortgage financiers that own or back about half of all U.S. home loans. Bank of America Corp, Goldman Sachs Group Inc and Wells Fargo& Co were among his top 20 contributors in his last election, according to the Center for Responsive Politics.
April 10- Family Dollar Stores Inc reported a weaker-than-expected quarterly profit on Wednesday, blaming a delay in tax refunds for hurting sales at the end of January and in early February, and again cut its annual forecast. "We expected weakness and we got it," said Jefferies analyst Daniel Binder, who has a "hold" rating on Family Dollar shares.
March 19- Walgreen Co and partner Alliance Boots said on Tuesday they signed a 10- year deal with AmerisourceBergen that will include daily drug distribution, enabling Walgreen to increase its sales of pricey specialty drugs.
*Nonetheless lets JPMorgan, Goldman proceed with plans. *Shares of JPMorgan, Goldman and BB&T fall after hours. March 14- In a blow to two major Wall Street banks, the Federal Reserve told Goldman Sachs and JPMorgan Chase that they must fix flaws in how they determine capital payouts to shareholders, but still approved their plans for share buybacks and dividends.
March 14- The Federal Reserve told Goldman Sachs and JPMorgan Chase that they must fix flaws in how they determine capital payouts to shareholders, but still approved their plans for share buybacks and dividends. The Fed vetoed submissions by BB&T Corp and Ally Financial.
WASHINGTON, March 14- The Federal Reserve said on Thursday it had rejected plans by BB&T Corp and Ally Financial to return capital to shareholders, and is forcing Goldman Sachs and JPMorgan& Chase to improve the processes they use to determine their capital payouts. Goldman Sachs and JPMorgan received conditional approval for their capital payouts.
*KKR offers $76 per share for Garden Denver. March 8- Industrial machinery maker Gardner Denver Inc agreed to sell itself to private equity firm KKR& Co LP for $3.74 billion but some on Wall Street questioned the valuation, saying the company was worth much more.
SEATTLE, Jan 25- The slow progress of investigations into battery problems on Boeing Co's 787 Dreamliner jets suggest the new plane could be grounded for months, raising fears that the financial hit to Boeing will be greater than had been initially predicted.
Jan 11- Best Buy Co Inc on Friday showed the first concrete signs of a turnaround in its U.S. stores, with flat same-store sales during the key holiday season, helped by sales of tablets and mobile phones and improvement in its online business.
Jan 11- Best Buy Co Inc on Friday showed the first concrete signs of a turnaround in its U.S. stores, with flat same-store sales during the key holiday season, surprising analysts who had expected a decline.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."